The time delay between when a check is written and when funds are available to the payee is called the float
Indicate whether the statement is true or false.
Answer: TRUE
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Unit fixed costs will be the same regardless of how many units are produced
Indicate whether the statement is true or false
During its fiscal year, Deerborn Distributing had net income of $100,000 (no extraordinary items) and 50,000 shares of common stock and 10,000 shares of preferred stock outstanding. Deerborn declared and paid dividends of $.50 per share to common and $6.00 per share to preferred. The preferred stock is convertible into common stock on a share-for-share basis. For the year, Deerborn Distributing
should report diluted earnings (loss) per share of a. $(0.80). b. $1.00. c. $1.67. d. $2.67.
An example of an informal business report is a(n) ______.
A. trip report B. proposal C. RFP D. annual report
If a dollar will buy fewer units of a foreign currency in the forward market than in the spot market, then the forward currency is said to be selling at a premium to the spot rate.
Answer the following statement true (T) or false (F)